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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessBreaking Higher: *RES 4: 1.2418 Low Jul 23....>
CABLE: Breaking Higher:
*RES 4: 1.2418 Low Jul 23
*RES 3: 1.2382/99 Low Jul 17/50-dma
*RES 2: 1.2316 Bear channel resistance drawn off the May 6 high
*RES 1: 1.2273 Intraday high
*PRICE: 1.2253 @ 18:31 GMT Aug 22
*SUP 1: 1.2210 High Aug 6
*SUP 2: 1.2179 High Aug 20
*SUP 3: 1.2065 Low Aug 20 and key intraday support
*SUP 4: 1.2015 Low Aug12 and bear trigger
GBPUSD moved to its highest levels of the month so far following further Brexit
headlines that were positive but contained very little new news. The former key
resistance of 1.2210 has been comfortably breached which could signal a
short-term reversal and the start of a correction. This would signal scope for a
climb towards the top of the bear channel at 1.2316, drawn off the May 6 high.
To turn the short-term outlook neutral bears need a close back below 1.2210.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.